Press Release

–News Direct– Sovereign Metals Limited managing director Frank Eagar joins Proactive's Stephen Gunnion with details of key developments. The company has appointed Dr Surinder Ghag as chief technology officer for graphite, marking a strategic move to enhance its operations in graphite production, particularly for the lithium-ion battery industry. Garg, noted for his expertise in anode materials for batteries, is expected to play a critical role in developing Sovereign Metals downstream test work programs. Sovereign Metals also announced the procurement of an industrial-scale spiral concentrator, which will be used to increase graphite concentrate sample preparation at their Malawi facility. This equipment is intended to replicate the plant's future operations and is curre...

–News Direct– Rainbow Rare Earths Ltd CEO George Bennett joins Proactive's Stephen Gunnion with details of a Financial Times feature that highlighted the company's Phalaborwa rare earths project as a bellwether for US critical minerals policy. Bennett highlighted the US Development Finance Corporation's commitment of $50 million to Phalaborwa, which is recognized for its potential to become the highest-margin rare earth project globally. Despite recent volatility in critical mineral prices, Bennett stated that Rainbow could maintain substantial EBITDA margins even at lower market prices due to its strategic and economical project design. Bennett also addressed the global dependency on Chinese rare earth supplies, noting Chinas dominance in production and processi...

–News Direct– ETC Group founder and chief strategy officer Bradley Duke discusses recent trends in Bitcoin's market performance and future expectations with Proactive's Stephen Gunnion. He noted Bitcoin's peak prices above $72,000 in March and April, attributing these to the SEC approval of spot Bitcoin ETFs in the US. Duke described the subsequent price retracement to below $60,000 as a normal aspect of market cycles, involving profit-taking and no cause for panic. Regarding the Bitcoin halving event, Duke explained that while immediate effects on Bitcoin prices are minimal, historical data shows significant price movements tend to occur around 100 days post-halving, with the most pronounced effects about 400 days later. He linked these movements to reduced min...

–News Direct– Argent BioPharma managing director and CEO Roby Zomer speaks to Proactive's Stephen Gunnion following the company's rebranding from MGC Pharmaceuticals, alongside a comprehensive restructuring. Zomer explained the shift marks a refined focus on the pharmaceutical sector, discarding previous activities not aligned with pure pharmaceutical processes. Zomer highlighted the companys advancement in drug discovery, particularly through a multidisciplinary approach and modern technologies such as nanotechnology and mRNA modulation. These innovations are targeted at addressing unmet medical needs. The company has developed notable products including CannEpil and CimetrA. CannEpil targets refractory epilepsy and has shown efficacy in controlling seizures without rep...

–News Direct– Nexus Minerals Ltd managing director Andy Tudor joined Proactive's Stephen Gunnion with details of a significant expansion of the Crusader Templar resource at the Wallbrook gold project, which now exceeds 300,000 ounces. This growth is attributed to extensive drilling activities conducted throughout 2021 and 2022, with the resource update encompassing a more comprehensive analysis of the geology and mineralisation. Tudor emphasised the higher quality of this resource, marked by a lowered cut-off grade that better reflects the deposit's specific characteristics. Economic factors have played a crucial role in the updated resource estimate, with increased emphasis on potential economic extraction prospects, which have been integrated into the 2024 Mineral Reso...

–News Direct– As the weather warms up, motorcycles become increasingly popular modes of transportation. Recently, President at Cycle Gear, Stevan Popovich, conducted a satellite media tour to talk about Airbags Save", a national safety campaign aimed at raising awareness about innovative solutions in motorcycle safety and to share tips for safer riding experiences. A video accompanying this announcement is available at: https://youtu.be/FmNlhqh1jh4 How motorcycle airbags enhance rider safety on the road While wearable airbag devices have been around for years, they are finally becoming attainable for the average rider. Like the airbag in cars, a wearable motorcycle airbag inflates in a fraction of a second to protect the rider in the event of a crash or impact. These airbags pro...

–News Direct– Immunic Inc (NASDAQ:IMUX) CEO Dr Daniel Vitt joined Proactive's Stephen Gunnion with news of the publication of extended data from the Phase 2 EMPhASIS trial of vidofludimus calcium in relapsing-remitting multiple sclerosis (RRMS) in the peer-reviewed journal, Neurology Neuroimmunology & Neuroinflammation, an official journal of the American Academy of Neurology. Vitt noted that the EMPhASIS trial demonstrated a notable reduction in gadolinium-enhancing lesions by 78% and 74% in two high-dose groups compared with the placebo. These results also correlate with improvements in serum neurofilament light chain levels, consistent with recent interim phase 2 clinical data from the ongoing CALLIPER trial in progressive MS, indicating ongoing progress in the field. ...

–News Direct– Digbee Limited founder and CEO Jamie Strauss and Asante Gold's executive vice president and country director Frederick Attakumah joined Proactive's Stephen Gunnion to discuss the impact of Digbee's assessments on Asante Gold's operations. Attakumah highlighted how the second Digbee assessment has been crucial for Asante Gold in demonstrating its commitment to sustainability and environmental standards. The assessment has enabled the company to communicate its initiatives effectively to stakeholders, including regulators and community members, helping to strengthen its corporate responsibility. Further, Attakumah outlined Asante's goals for the next 12 months, focusing on achieving zero harm in their operations, advancing their resett...

–News Direct– Empire Metals Ltd (AIM:EEE) managing director Shaun Bunn takes Proactive's Stephen Gunnion through key updates and strategic decisions impacting the company. Bunn highlighted that the company secured all mineral rights for its Pitfield titanium project in Western Australia, which he said cleared up market confusion over rights entitlement. This consolidation under a single joint venture precludes third-party interferences in their operations, especially important for their titanium mineral project. Additionally, he said Empire Metals decided not to proceed with the acquisition of the Staveley project in Victoria, opting to focus resources on the Pittsfield project, reflecting a strategic refinement towards more promising ventures. The Pittsfield project has shown e...

–News Direct– Global travel technology company, OYOs US operations today announced plans to significantly expand its footprint in the United States. The company aims to add more than 250 hotels in the US in 2024. Last year the company added ~100 hotels in the US, taking the total count to over 320 hotels. This expansion will focus on some new as well as existing markets including Miami, New York City, San Francisco, San Jose, Boston, New Jersey, Las Vegas, Los Angeles, Manchester, Orlando, and San Diego. OYO was launched in the U.S. in 2019 and since then, has established a presence in over 35 states. We are seeing tremendous interest from hotel owners to partner with OYO as we have demonstrated our ability to drive significant revenue uplift for our hotel partners. Our operational expert...